Hi @Breon Smith are they saying $5K purchase price or just the initial investment to get the house, like a down payment? 

I don't like to plug in uniform, base rent increases, etc because you may be buying way below market with massive increases initially then subtle 2-3% across your ownership, etc.  

In my initial analysis, I was using actual T12 numbers for electricity and water.  

I'd take the following steps before quitting the job to maximize the possibility of getting traditional funding:1.

  - You'll also want to get a copy of any pre-move in checklist (and photos if there are any) showing what the condition of the property was when the tenants initially moved in. 

I'm looking forward to my next steps.

Writing this post and looking for a mentor are great first steps for success.

Question for you: What should be my first step with getting into real estate?

Initially I was getting my leads this way, however I moved on to use paid services because it was much easier to filter and sort through lots of data.

(Again, if you have not read this document you really should as you could be found guilty of unintentional, but punishable discrimination)Section B"In the second step of the discriminatory effects analysis, the burden shifts to the housing provider to prove that the challenged policy or practice is justified – that is, that it is necessary to achieve a substantial, legitimate, nondiscriminatory interest of the provider.